US VP Vance says we are trying to lower interest rates
Fed Beige Book: Prices increased moderately overall, with nine Districts reporting moderate growth, two robust growth, and one slight growth; compared with the last reporting period, price growth was the same or slower in all Districts.
Russia reportedly seek more gasoline from India after Ukraine attacked refineries, according to Reuters News
US VP Vance says we are trying to lower interest rates
Uber (UBER) nears EUR 12.5bln deal to acquire Delivery Hero (DHER GY); paying roughly EUR 41/shr, according to FT citing sources, deal could be announced as soon as Thursday
Stripe and Advent offer USD 53bln for takeover of PayPal (PYPL), reports CNBC TV (in fitting with earlier reports)
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- Big mistake not hitting Big Tech with antitrust in the 2000s; must be willing to use it in the 21st century.
- Biggest AI risk is a hyper-monopolist dominating the space and influencing government.
- If AI wealth goes to a small segment, you get communism; workers need a seat at the table.
- Have looked at pro-union legislation, but have not pushed anything yet.
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